Goldman Sachs is likely to pay its analysts less now. Is this a HUGE MISTAKE?

Goldman Sachs is at the vanguard of a revolution in the way investment banks treat their juniors. As we reported earlier, the US bank is discouraging its junior staff from working evenings and weekends.As part of its all new approach, Goldman will be hiring 40 more analysts in 2014 than it did in 2013. More analysts = more people to spread the work around = less likelihood that any particular individual will work a 120 hour week.